Consider Thomson's jumping ring experiment, where a conducting ring is repelled from a coil after you switched a current in the coil on. The following experiment shows a simplified schematics of the experiment (without an iron core for simplicity and by using a capacitor as energy source). For simplicity also assume that the experiment is done for example in outer space, without considering gravity.
(Source)
The question is about the details of the energy conservation in this context:
We start with the capacitor fully charged and open switch. Initially all the energy is stored in the electric field of the capacitor. If we close the switch the current starts to flow, and the energy in the capacitor decreases. Some energy is converted into heat due to the $R_{\mathrm{line}}$ and $R_{\mathrm{coil}}$ and due to the induced current and $R_2$. Another part of of the energy is converted into kinetic energy of the accelerated ring. The rest of the energy is stored in the magnetic field (produced by the coil and the current in the ring).
I think one may further assume that all resistance is zero so that there is no conversion to heat to consider (but I am not sure if it makes the analysis clearer).
Now if the ring moves away from the coil, the magnetic field decreases and such also $\dot \Phi$. Thus the current tends to decrease as well during a finite time interval $\Delta t$.
If (hypothetically) the ring wouldn't be repelled but attracted by the coil, the current would increase by the same reason, additionally the magnetic field produced by the ring would increase the net magnetic field which would also lead to an increased current during the time interval $\Delta t$.
Now it is often said that the second case wouldn't be compatible with the principle of conservation of energy. But I don't see clearly why.
So my question is the following: How can one make it much more clearer that the energy conservation principle would be violated in the attraction case and how can I express this with formulas more exactly? How can I see that energy is actually conserved in the repelling case?
Note that this is a follow up question to https://physics.stackexchange.com/a/401583/6581: